Monetary policy

Socialism, An Economic and Sociological Analysis. M. Weber, Wirschaft und Gesellschaft. • 1923 : Hyperinflation en Allemagne, réforme monétaire (1 rentenmark = 1 trillion de marks anciens). J.M. Clark, Economics of Overhead Costs. J.M. Keynes, Tract on Monetary Reform. A. Marshall, Money, Credit and Commerce. • 1924 : Plan Dawes. • 1925 : La livre sterling revient à l'étalon-or. • 1926 : Dévaluation du franc français. Cinéma parlant et télévision en noir et blanc. E. Preobrazhenski, Novaia Ekonomika. •

Growth Pact, “The European Commisson and the other institutions should have questioned Greece’s budget figures much sooner. The country should not have joined the euro zone under such circumstances”. That is why, we can clearly see that European Monetary Union’s institutions failed in preventing the crisis by integrating Greece in the Eurozone (2001) without applying rigorous criteria. Moreover, as we have seen with the Greek example, Euro member States suffered very differently from the crisis

appliquaient ainsi le principe dit de « séparation » l  et elles se pensaient capables de « nettoyer les dégâts après coup » l  Consensus de Jackson Hole : « Cleaning up afterwards » (CUA) et pas de « leaning against the wind » (LAW) “Should Monetary Policy “Lean or Clean”?”, William R. White (2009) http://www.dallasfed.org/institute/wpapers/ 2009/0034.pdf l  34 Les justifications du CUA par A. Greenspan l  l  l  La dynamique des cycles et les bulles : Le cycle est inhérent à la « nature

called “The Articles of Confederation.” It had many problems, including: * Every state had its own currency and monetary policy * Every state pursued its own foreign policy * Federal taxes could not be imposed on states, so taxes were voluntary * Every state had its own judicial system * Every state had its own militia; there was no real common defense policy * To change the Articles all states had to agree * There was no executive power * Each state had one vote

market economies in the world. Landlocked and highly mountainous, the Swiss population of 7.8 million people is linguistically diverse, highly educated and dispersed across 26 cantons. The Swiss government maintains a tradition of neutrality in foreign policy and has been a constitutional democracy since 1848. The Swiss franc is one of the world’s most trusted stores of value and the Swiss National Bank (SNB) has been successful at managing inflation post WWII. Geographic and Demographic Endowments Officially

(1986), « Fiscal Policy and Trade Deficit », Federal Reserve Bank of Chicago, Economic Perspectives, May/June 1986, p. 15-23. ASCHAUER D.A. (1989a), « Is public expenditure productive ? », The Journal of Monetary Economics, numéro 23, 2, mars, p. 177-200. ASCHAUER D.A. (1989b), « Public investment and productivity growth in the group of Seven », Economic Perspectives, 13 (5), p. 17-25. ASCHAUER D.A. (1989c), « Does public capital crowd out private capital ? », The Journal of Monetary Economics, 24,

du régime de change fixe et le marteau de l’endettement public. il s’agit d’une situation critique, typique d’une crise financière dite de « première génération ». AbstRAct – this paper provides an analytical grid of the Lebanese monetary policy over the recent period, through the three main constraints with which the Bank of Lebanon is confronted: public debt, the dollarization of the economy and the fixed exchange rate. the analysis shows that the Bank of Lebanon is to some extent

comprendre ce que signifie pour Hongkong le concept « d’une Chine, deux systèmes » au plan monétaire. Sur ce plan, si l’on en croit Joseph Yam et Tony Latter, respectivement le président et vice-président (Deputy Chief Executive) de la Hongk ong Monetary Authority (HKMA), les autorités chinoises ont jusqu’à maintenant respecté leur promesse de maintenir la pleine autonomie monétaire du territoire (Yam, 2000 ; Latter, 2001). En fait, l’article 109 qui fait de Hongkong une région administrative spéciale

vue et d'être entendue. The European Council as a policy-maker: Speakers: Petya Alexandrova (Montesquieu Institute and Universiteit Leiden, Campus Den Haag), Marcello Carammia (University of Catania) & Arco Timmermans (Montesquieu Institute and Universiteit Leiden) - EU High Politics: The Policy Agenda of the European Council, 1975-2010. The meetings of the EC happen behind closed doors. Nobody can actually attend them. The different policy issues that are discussed during these summits are

2008, “Lessons from World Bank Research on Financial Crises”, Policy Research Working Paper 4779, Washington, DC: The World Bank (November). Fonds Monétaire International : « Rapport du FMI » N° 09/5 Janvier 2009 Fonds Monétaire International : « Rapport du FMI » N° 08/209 juin 2008 International Monetary Fund (IMF), 2009a, “Africa’s Reforms Have Borne Fruit, But Gains Now under Threat”, IMF Survey Online, February 6. International Monetary Fund (IMF), 2009b, “The Implications of the Global Financial